Skandinaviska Enskilda Banken AB publ Decreases Stake in Crocs, Inc. (NASDAQ:CROX)

Skandinaviska Enskilda Banken AB publ trimmed its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 30.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,900 shares of the textile maker's stock after selling 6,600 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Crocs were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CROX. Vanguard Group Inc. lifted its position in shares of Crocs by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,477,574 shares of the textile maker's stock worth $599,959,000 after purchasing an additional 47,576 shares during the period. Walter Public Investments Inc. raised its stake in shares of Crocs by 5.6% during the 1st quarter. Walter Public Investments Inc. now owns 70,475 shares of the textile maker's stock worth $7,484,000 after acquiring an additional 3,736 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Crocs by 29.6% during the 1st quarter. Victory Capital Management Inc. now owns 36,563 shares of the textile maker's stock worth $3,883,000 after acquiring an additional 8,353 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Crocs by 184.3% during the 1st quarter. D.A. Davidson & CO. now owns 7,083 shares of the textile maker's stock worth $752,000 after acquiring an additional 4,592 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Crocs during the 4th quarter worth approximately $419,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Crocs Stock Performance

NASDAQ CROX traded down $2.50 during mid-day trading on Thursday, reaching $99.73. 1,680,559 shares of the stock were exchanged, compared to its average volume of 1,622,528. The business's 50 day moving average is $103.74 and its 200-day moving average is $102.68. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $151.13. The company has a market capitalization of $5.59 billion, a P/E ratio of 6.11, a P/E/G ratio of 2.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 1.52.

Crocs (NASDAQ:CROX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The firm had revenue of $937.33 million for the quarter, compared to the consensus estimate of $907.07 million. During the same period in the prior year, the firm posted $3.02 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Crocs, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Bank of America cut their price target on shares of Crocs from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. The Goldman Sachs Group cut their price target on shares of Crocs from $88.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Needham & Company LLC upped their price target on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus cut their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.00.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the transaction, the director directly owned 27,505 shares of the company's stock, valued at $3,187,554.45. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.